AUDUSD ANALYSIS [Bullish Failures] 9th January 2020

٨ يناير ٢٠٢٠

AUDUSD

AUDUSD is in a downtrend with multiple previous false bullish breakouts.
We have just experienced one of these, leading me to believe that the bulls are weak as the bears previously drove price down regardless of the bullish breakout momentum.
I expect (IF WE BREAK THE SUPPORT LEVEL) to see AUDUSD dropping lower. Although, we may see a correction yet.